- WLFI struggles below $0.2000 as traders watch key resistance zones while a falling wedge hints at a possible bullish reversal soon.
- Analysts highlight $0.2251–$0.2404 as the critical breakout zone for WLFI with Bitcoin and Ethereum trends adding weight to the outlook.
- After sharp rallies and steep corrections, WLFI now trades at crossroads where hype could return or deeper losses may unfold quickly.
Trump’s WLFI coin is entering a crucial phase as traders weigh heavy volatility and looming breakout signals across multiple timeframes. The token, trading at $0.1836 on 4-hour data and $0.1973 on 2-hour charts, shows sharp swings. Analysts warn that structural levels will decide whether momentum sparks a breakout or confirms resistance.
WLFI gained attention after explosive rallies in late August that lifted prices above $0.4400. However, subsequent corrections erased much of those gains, driving values below $0.2000.
Support and Resistance Define Market Structure
Theblockvlog notes that WLFI must close and sustain above the 0.2251–0.2404 zone to confirm a breakout. Otherwise, resistance remains strong. The 4-hour chart shows steep rallies followed by equally sharp declines. Sellers dominated late August sessions, driving values toward 0.2200.
Source: Theblockvlog
Meanwhile, consolidation appeared between August 29 and 30 with reduced volume. Small candles indicated indecision as traders assessed support at lower ranges. However, another rally on September 1 briefly carried prices toward 0.4000 before stalling. The sharp decline afterward pushed WLFI to current lows near 0.1836.
Falling Wedge Signals Possible Reversal
Satoshi Flipper points to a descending channel on the 2-hour chart. Price action respected the upper resistance and lower support throughout the decline. However, green candles now appear near the lower boundary, suggesting potential reversal.
Source: Satoshi Flipper
Moreover, technical indicators show a falling wedge pattern inside the channel. Historically, this formation often signals bullish breakouts. Current buy and sell levels cluster around 0.1985, marking critical decision zones. Besides, Bitcoin and Ethereum’s movements may heavily influence whether WLFI breaks upward or continues its decline.
WLFI’s next move hinges on key resistance zones and broader crypto momentum. A breakout could reignite hype, but failure risks deeper losses.
